RSSCFPB to scrap Section 1033
The Consumer Financial Protection Bureau plans to scrap the Section 1033 rule on open banking, the bureau announced on May 23.
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Spotlight
News
Horowitz selected to lead CFPB IG office
Longtime attorney and government official Michael Horowitz was appointed to lead the Office of Inspector General for both the Consumer Financial Protection Bureau and Federal Reserve.
CFPB to rescind BNPL rule
The Consumer Financial Protection Bureau plans to rescind its rule treating ‘buy now, pay later’ providers as credit card issuers.
CFPB won’t enforce Section 1071
The Consumer Financial Protection Bureau is not planning to enforce Section 1071, the bureau announced on May 1.
CFPB planning changes to Section 1071
The Consumer Financial Protection Bureau plans to soon propose replacing or changing Section 1071.
CFPB vacates judgment against Townstone Financial
The Consumer Financial Protection Bureau recently vacated its $105,000 settlement with Townstone Financial and ordered the company to be refunded after finding the bureau had engaged in misconduct by targeting the mortgage lender’s free speech protections.